The transactions of A.

Arias for the month of December, 19A, were the following

December
1 Started business under the name of Arias Trading with investments of
cash, P600,000.00 and merchandise of P100,000.00. Paid rent for the month,
P4,000.00.
Bought furniture and equipment from F. E. Company on credit, PN0,000.00

3 Purchased merchandises in cash, P200,000.00. Purchased merchandise on

account from Jose Brown, 100/000.00.

4 Sold merchandises on account to Juan Cruz, P60,000.00.

6 Sold merchandises for cash to various customers, P110.000.00

7 Returned to Jose Brown merchandise worth P10,000.00 on account of defect in

quality. Jose Brown issued a credit memo for the same amount. Purchased
merchandise on account from Pedro Oria, P160,000.00.
Paid P3,000.00 to Serrano Trucking for the delivery of the merchandise bought
from Pedro Oria.

10 Paid general expenses, P9000.00.

12 Sold to various customers, 120,000.00

13 A. Arias withdrew for personal use the following: cash, P4,000.00 and
merchandise costing 2,000.00
Paid account to Jose Brown in full less the discount of 2%.

14 Collected account from Juan Cruz in full less the discount allowed.

15 Paid salaries of employees, 10,000.00

Purchased merchandise on account from Jose Brown, 240,000.00.

16 Sold to Mary David on account, P150,000.00. Terms: n/60. Cash sales,

P40,000.00.
Paid selling expenses, P4,000.000.

18 Issued a credit memo to Mary David for merchandize returned, P12,000.00

Sold to Nick Trono on account, P30,000.00.

22 Paid P18,000.00 to F.E Company to apply partially on account. Cash sales,

P80,000.00

25 Paid general Services, P3,000.00

27 Paid in full the account to Pedro Oria

31 Paid salaries of employees, P10,000. Cash sales, P40,000.00. Sold on account

to Ted Cloma, P40,000.00.

Required:
Journalize the transaction using General Journal